George Soros At Davos: 'Trump Is Renewing His Attacks on US Allies'

Globalist warns over ongoing trade war between world's economic powers

Globalist warns over ongoing trade war between world's economic powers

Globalist billionaire George Soros has suggested that the US and China's current cold 'trade war' "could soon turn into a hot one."

The Democratic donor and Trump critic said during an extravagant private dinner at the World Economic Forum (WEF) in Davos, Switzerland that the President's decision to call China a “strategic” competitor in 2017 was “too simplistic,” CNBC reported.

“An effective policy towards China can't be reduced to a slogan. It needs to be far more sophisticated, detailed and practical; and it must include an American economic response to the Belt and Road Initiative,” he said.

“Regrettably, President Trump seems to be following a different course: make concessions to China and declare victory while renewing his attacks on US allies," Soros added.

"This is liable to undermine the US policy objective of curbing China's abuses and excesses. The reality is that we are in a cold war that threatens to turn into a hot one,” he concluded.

Both countries, which are the most significant economic powers in the world, have been locked in a trade war over import tariffs for several months.

The World Economic Forum was initially launched to play as a platform for delegations from the two sides to discuss trade relations.

But the US canceled its delegation to Switzerland due to the ongoing government shut down.

Press secretary Sarah Sanders announced Thursday, the 27th day of the government shutdown.

Last time I went to Davos, the Fake News said I should not go there. This year, because of the Shutdown, I decided not to go, and the Fake News said I should be there. The fact is that the people understand the media better than the media understands them!

John Kerry called for the president to stand down at Davos on Thursday.

"Out of consideration for the 800,000 great American workers not receiving pay and to ensure his team can assist as needed, President Trump has canceled his Delegation's trip to the World Economic Forum in Davos, Switzerland," Sanders said in a statement.

With Trump absent from the event, Former secretary of state John Kerry called for the president to stand down at Davos on Thursday.

Mr. Kerry remarked when pressed by CNBC reporter Tania Bryer, who asked him a hypothetical question: What his message for Trump would be if he were sitting next to him?

Last time I went to Davos, the Fake News said I should not go there. This year, because of the Shutdown, I decided not to go, and the Fake News said I should be there. The fact is that the people understand the media better than the media understands them!

Last year, Soros described President Donald Trump as a 'danger to the world' during a dinner he hosted at the sidelines of the World Economic Forum in Davos, Switzerland.

Soros told his audience he believed that Donald Trump was trying to form a 'mafia state' in the US, but couldn't due to the underlying institutions within the country.

Despite Soros's claim, he didn't elaborate on what he meant.

"I consider the Trump administration a danger to the world,'" Soros said.